Perspectives

The Most Critical Questions to Ask When Choosing Office Space

office lease dealOne of the most challenging tasks you’ll ever need to do as a business owner is choosing an office space. There are just so many factors that go into making the right choice, and you need to take all these into careful consideration. If not, you run the risk of facing serious consequences in both the short and the long term.

To help steer you towards the right direction, make sure to have these questions answered first before signing a lease.

Will the location meet both short- and long-term needs?

A poorly-located building, for example, can cost you not just your workforce, but your existing and potential clients too. Furthermore, you have to base your decision on the future of your organisation, and not just what you need at the moment.

A good example of a great investment in terms of building location and amenities is setting up shop with a Paya Lebar Quarter office leasing contract. Not only does this give you access to the top-of-the-line office spaces; it also boasts a premier location that is highly accessible as well.

Will the space help improve or hinder business growth?
Again, it’s vital that before you finalise any decisions, you should first reflect on both the short- and long-term effects. So think of the potential growth factors and space-related changes that may happen to your organisation over the course of the contract. While cost is indeed a priority, you also want to give your business the best possible opportunity for growth.

Will your key staff find the location favourable?

You want to make sure your key employees — the ones who contribute the most to your company — find the location of the office convenient and easy to travel to. No matter how excellent and productive the space is, if it’s too far from them, they may end up quitting finding a job with an office closer to them.

Always remember that since leasing an office space comes with significant upfront and ongoing costs, you need to pay attention to the smallest details.